With only 2.7 months of inventory, Jacksonville remains a seller's market. Home prices have increased 24.5% in the past month alone. With 2.7 months of supply, Jacksonville's inventory levels remain relatively tight. Transaction volume is up 40% compared to what's typically expected this time of year. Approximately 21.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Jacksonville market with the affordability index at 140.2. Based on current market indicators, home prices in Jacksonville are projected to decrease by approximately 26.0% over the next month.
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